Minoan Group PLC Completion of the Sale of Stewart Travel Limited (4742D)
October 10 2018 - 1:00AM
UK Regulatory
TIDMMIN
RNS Number : 4742D
Minoan Group PLC
10 October 2018
Minoan Group Plc
("Minoan" or the "Company")
Completion of the Sale of Stewart Travel Limited
Following the passing of the resolution on Monday approving the
sale of Stewart Travel Limited ("STL"), Minoan confirms that the
sale has now been completed.
As required under the terms of the sale, Duncan Wilson will
cease to be a director of Minoan with immediate effect. The Board
would like to thank Duncan for his valuable contribution to the
Group since his appointment and wish him every success with
STL.
Christopher Egleton, Minoan Chairman, commented:
"Now that the sale of STL has been completed the Board is clear
to concentrate on optimising the value of the Company's project in
Crete for the benefit of shareholders and stakeholders".
Minoan Group Plc
Christopher Egleton christopher.egleton@minoangroup.com
Bill Cole william.cole@minoangroup.com
WH Ireland Limited 020 7220 1666
Adrian Hadden/Chris Viggor
Cornhill Capital Limited 020 7710 9610
Daniel Gee
Morgan Rossiter 020 3195 3240
Richard Morgan Evans
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END
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